The low-involvement option

What is it?

Your employer, with the help of their adviser, has chosen an investment option for those people who haven't made their own investment choice. Unless you decide to move your money into another investment option, this is where it will stay.

This investment option is the Standard Life Balanced Managed II Universal Lifestyle Profile guide (PDF, 167KB) and it's designed to make saving for retirement easier.

It could be appropriate if:

  • You don’t want to select your own investment options
  • You don’t want to worry about moving your investments around as you approach retirement

How does it work?

Lifestyling - changing your investments as you get closer to retirement

The Standard Life Balanced Managed II Universal Lifestyle Profile is designed for the long haul and has a feature called lifestyling.

When you’re getting closer to retirement, it’s sensible to move your money into funds which are more appropriate at retirement. Lifestyling can do this for you.

In most cases, when you start your pension, it invests in the Standard Life Managed Pension Fund, which offers growth potential over the long term. When you get closer to retirement, some of your money will gradually and automatically move into investments that are more appropriate for people who don’t have a long time left to invest.

Use the links below to view fact sheets for the investment funds used in the low-involvement option:

Standard Life Managed Pension Fund

Standard Life Multi Asset Managed Pension Fund

Standard Life At Retirement (Multi Asset Universal) Pension Fund

Standard Life Deposit and Treasury Pension Fund

Things to be aware of

  • You should make sure any lifestyle profile you're in matches your retirement income plans.
  • As lifestyle profiles make changes to your investments based on your selected retirement date, they may only be suitable if you're planning to start taking your retirement income on this date
  • If you're in a lifestyle profile, you can’t invest in any other lifestyle profiles or funds at the same time
  • Before you choose an investment option, make sure you understand its aims and risks
  • As with any investment, the value can go down as well as up, and may be worth less than was paid in
  • The default investment option (also referred to as the low-involvement option) has been selected for the DB Flexible Retirement Plan by Deutsche Bank. This should not be taken as an indication of the investment potential of the default investment option or that it is a suitable investment option for you. It has been selected simply as an option to be used should you fail to pick your own investment option or options. The value of benefits under the default investment option or under any other investment option can go down as well as up. Deutsche Bank takes no responsibility for the investment return on the default option or any other investment option and you are advised to seek independent financial advice as to the most suitable investment option or options for you.

So what now?

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This form is used to request for the scheme to pay the Annual Allowance Charge.

Annual Allowance Charge form (PDF, 100kb)

This document explains the features of the pension product your employer has chosen.

Plan summary document (PDF, 70kb)

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288kb)

This document provides you with more information on how you can take money from your pension flexibly. For more information on the other options available please see the key features document above.

How Drawdown Works PDF, 211KB

Read this guide for more information on choosing your investment options if you decide to take money from your pension flexibly.

Choosing investment options for a flexible income PDF, 119KB

This document gives you an illustration of what your pension could be worth.

Key features illustration (PDF, 165kb)

This document gives you an illustration of what your one-off payment could be worth when you retire. Read this if you are thinking about participating in the DB FRP Bonus Waiver offer.

DB FRP Key features illustration - Single Transfer (PDF, 191KB)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension (PDF, 896kb)

Read this guide for more information about how the DB Flexible Retirement Plan works.

DB Flexible Retirement Plan Handbook (PDF, 541kb)

Read this guide for more information on the different ways you can pay into your pension, and the tax benefits and tax charges which can apply.

Information about tax relief, limits and your pension (PDF, 99KB)

Use this form to nominate any death benefits under the DB Flexible Retirement Plan.

Instruction for payment of death benefits (PDF, 77kb)

Use this form if you'd like to switch from the DB FRP into a Group Self-Invested Personal Pension Plan (GSIPP). More about GSIPP.

Switch form (PDF, 92KB)

Use this form to nominate any death benefits under the DB Group SIPP.

GSIPP - instruction for payment of death benefits (PDF, 77kb)

Investments explained

Ever wondered why your money is invested? And how investment works? It’s not as complicated as you might think.